Nov 18 (Reuters) - Lehman Brothers Holdings Inc:
* CEO tells bankruptcy court Lehman has more than $16 billion in cash, had
approx $15.6 billion in September
* CEO says 64,000 claims were filed against the estate, representing an amount
in excess of $820 billion
* CEO says value of claims against Lehman could reach $1 trillion due to
certain unresolved issues
* CEO says sees 'significant' asset recovery from bank platforms if can resolve
regulatory issues with brokered cods
* CEO says is managing $14.4 billion of total real estate assets in North
America, Europe and Asia
* CEO says unfunded real estate commitments are down by 76 percent, now below
$400 million
* CEO says is still working on a 24-month timeframe from initial filing date
* CEO says litigation with Lehman's clearing banks is likely to expand
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Lehman Brothers Holdings Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* CEO tells bankruptcy court Lehman has more than $16 billion in cash, had
approx $15.6 billion in September
* CEO says 64,000 claims were filed against the estate, representing an amount
in excess of $820 billion
* CEO says value of claims against Lehman could reach $1 trillion due to
certain unresolved issues
* CEO says sees 'significant' asset recovery from bank platforms if can resolve
regulatory issues with brokered cods
* CEO says is managing $14.4 billion of total real estate assets in North
America, Europe and Asia
* CEO says unfunded real estate commitments are down by 76 percent, now below
$400 million
* CEO says is still working on a 24-month timeframe from initial filing date
* CEO says litigation with Lehman's clearing banks is likely to expand
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Lehman Brothers Holdings Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
